I thought i remember my telling me that if you needed to loan money from your policy you can and you pay so much interest. If so how much could you borrow..is it what you put in to it so far or what the life amount is? How much time do you have to repay them?

 

  • mbrcatz 7:07 pm on August 31, 2010

    No, but you can BORROW it, if you have any cash value. You can only borrow a percentage of the cash value, and the cash value is LESS than you’ve paid in.

    So you’re borrowing your own money back, but paying the interest to the insurance company.

    You NEVER have to pay them back, but if you die, they take that loan out of the death payout.

  • Common Sense 7:07 pm on August 31, 2010

    talk to your insurance company as all policies are different.

  • jlf 7:07 pm on August 31, 2010

    You borrow…the insurance company loans. The answer depends on the type of insurance policy. Read yours.

  • lala89 7:07 pm on August 31, 2010

    u can get information bout insurance and loans here http://cloakedlink.com/ezraqbmbyt

  • Jim 7:07 pm on August 31, 2010

    lifeinsurance.awardspace.info – try this one. I have their insurance and, as remember, they can provide such a service.